Tiger Brokers

BUZZ-Gold miners rise on weaker dollar, US downgrade

Reuters
May 19
BUZZ-Gold miners rise on weaker dollar, US downgrade

** U.S.-listed shares of gold miners gain premarket, tracking rise in bullion prices GOL/

** Spot gold XAU= up 1.2% at $3,240.29/ounce

** Gold prices rebound from previous session's losses, benefiting from a weaker dollar and Moody's downgrade of U.S. government's credit rating amid lingering trade concerns

** Top miners Newmont NEM.N rise 2.1% and Barrick Mining ABX.TO, B.N up 2.4%

** South African miner Harmony Gold HMY.N rises 2.4%, Sibanye Stillwater SBSW.N gains 3.6%, Gold Fields up 1.4%, and Anglogold Ashanti AU.N rise 1.3%

** Canadian miners Kinross Gold K.TO, KGC.N rise 2.3% and Agnico Eagle Mines AEM.TO, AEM.N up 2.5%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10